You own a small bookstore with two more employees working with you. The sales revenue of your store is around $ 8 million. The bookstore you own was inherited by you and have been in the business for over 30 years. In the three decades, your business has seen several ups and downs. Recently, when you were going through the accounting book of the store, there were some confusions. Although one of your employees was maintaining the details well, you decided to switch the accounting and information systems to avoid these confusions in the future.
- List down the types of accounting information systems and discuss which of them are the best suited for your business.
- Discuss in detail the five fundamental principles of accounting information systems that should be considered as an AIS and help in the smooth running of your business.
- Write an accounting information systems article that talks in detail about the concepts and the changes they have brought in the business scene.
Suggested: Integration of Managerial Accounting